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Finance & Economy - Page 108

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Venezuela’s interim president, Delcy Rodríguez, has defended recent crude oil sales to the United States as strictly commercial transactions conducted through the state oil company, Petróleos de Venezuela, S.A. (PDVSA), insisting that pricing mechanisms follow international norms and that proceeds are being

February 13, 2026

Fuel Queues: Rainstorm Disrupted Supply To Filling Stations – MEMAN

Business·News·Oil & Gas

Fuel Queues: Thunderstorm, Lightning Disrupted Supply To Filling Stations – MEMAN

The Major Energies Marketers Association of Nigeria (MEMAN) has said the reoccurrence of queues at filling stations in some parts of the country was due to disruption in the supply of petrol to the outlets. MEMAN Executive Secretary, Mr Clement Isong, said the

July 8, 2024

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Petrol Pump Price May Hit ₦1000 – Sources

Aside from the scarcity of petrol already building up in parts of Nigeria, residents may have to grapple with higher prices as there are indications that the official pump price may increase to N1,000 per litre. Primebusiness.africa gathered from dependable sources that

July 8, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th July 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the black market, also known as the parallel market

July 6, 2024

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

FEATURES·Finance & Economy

10 Countries In Africa With Highest Debt-to-GDP Ratio

What Is Debt-to-GDP? Debt-to-GDP-ratio is an economic indicator that measures how much debt a country has in relation to its Gross Domestic Product (GDP). Often expressed as a percentage, the ratio is used to measure a country’s ability to repay its debt.

July 5, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·News·Oil & Gas

NNPC Faces Fuel Scarcity As Payment Backlog Of $6bn Mounts

Long Queues Return Amidst $6 Billion Debt Fuel scarcity is once again gripping Nigeria as the Nigerian National Petroleum Company (NNPC), struggles with a $6 billion petrol payment backlog. Long queues are forming at petrol stations across major cities like Lagos and

July 5, 2024

Business·News·Oil & Gas

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

The Nigerian National Petroleum Company Limited (NNPCL), has announced plans to build not less than 100 Compressed Natural Gas (CNG) sites and three Liquefied Natural Gas (LNG) stations to boost gas production. The Group CEO, NNPCL, Mele Kyari, declared that the drive

July 5, 2024

Business·News·Oil & Gas

Nigerian Govt Approves Oando’s Acquisition Of Agip

Nigerian government has announced completion of the deal for acquisition of 100% Nigerian Agip Oil Company (NAOC), by Oando PLC. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, who made the disclosure at Nigeria’s Oil and Gas Week

July 4, 2024

Business·News·Oil & Gas

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

In a bid to scale up crude oil production, the Nigeria National Petroleum Company Limited (NNPCL) says it has declared a state of emergency in the oil and gas industry. NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this in a keynote

July 3, 2024

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·Currency·News

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

The Central Bank of Nigeria (CBN) has warned licensed forex dealers and Deposit Money Banks (DMBs) against rejecting older and smaller denominations of US dollars. The apex bank stated that they are mandated to be accepting them from customers. The bank gave

July 3, 2024

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

Business·News·Oil & Gas

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

The Nigeria Midstream and Downstream Petroleum Regulatory Commission (NUPRC), has reportedly removed five oil blocks from the 2024 licensing round due to legal disputes. According to NUPRC, the affected oil blocks are PPL3008, PPL3009, PML51, PPL267, and PPL268. Prime Business Africa recalls

July 2, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 108

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Fuel Queues: Thunderstorm, Lightning Disrupted Supply To Filling Stations – MEMAN

Petrol Pump Price May Hit ₦1000 – Sources

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th July 2024

10 Countries In Africa With Highest Debt-to-GDP Ratio

NNPC Faces Fuel Scarcity As Payment Backlog Of $6bn Mounts

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

Nigerian Govt Approves Oando’s Acquisition Of Agip

We’ve Declared War Against Challenges Affecting Crude Oil Production – NNPCL Boss

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

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Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

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U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

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Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

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Finance & Economy - Page 108

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